From commercial real estate transactions to shareholder disputes, trust Cobb Hammett for tailored corporate law counsel.

Corporate law attorney in Port Royal, SC.

South Carolina has become a magnet for enterprise, hosting over 1,100 international firms. Perfectly situated between New York and Miami, our state boasts a deep-water port, bustling container terminals, and Charleston's international airport, all of which make it a gateway for worldwide commerce. Leading companies in automotive, aerospace, technology, and life sciences are increasingly choosing South Carolina as the place to launch or grow their operations.

Owning a business - whether it's a small storefront or a worldwide brand - can be incredibly rewarding. But those benefits come with many hurdles and legal challenges. At Cobb Hammett, our corporate law attorneys in Port Royal, SC. work alongside business entities to minimize their risk and maximize their profit. Regardless of the size or corporate structure of your organization, we have the experience necessary to provide advice on a variety of business and legal issues.

Corporate-law-attorney

What is Corporate Law in South Carolina?

Corporate law, also known as company law, shapes the entire life cycle of a corporation, from its birth to its daily workings and pivotal moments like mergers, acquisitions, or winding down. It acts as a guiding framework, ensuring that companies play by the rules when it comes to structure, finance, governance, and a web of state or federal regulations, including securities, labor, and environmental standards. At its heart, corporate law orchestrates the interactions between the company, its shareholders, directors, other businesses, and the public, navigating a landscape of intricate transactions and legal responsibilities.

Corporate-Law-South-Carolina

The Role of Corporate Law Attorneys in South Carolina

Companies and corporations that operate in South Carolina have to abide by many regulations to minimize legal challenges, receive tax benefits, and more. Working with a corporate lawyer for guidance on these matters isn't just wise - it could be a pivotal decision that affects the life of your business.

Without great legal counsel from the start, business owners are exposed to a range of pitfalls, from poorly drafted agreements and intellectual property conflicts to regulatory missteps. Such mistakes may result in costly lawsuits or financial setbacks that proactive legal advice could have prevented.

Here are a few of the biggest benefits of retaining a corporate law lawyer in Port Royal, SC:

Startup-Advice

Startup Advice

Partnering with a skilled business attorney from the outset allows entrepreneurs to confidently navigate the hurdles of launching a company. Early legal insight is especially crucial, as it lays down a solid framework that safeguards your interests far into the future.

Take, for instance, the decision around business structure—whether to form an LLC, sole proprietorship, partnership, or S corporation. Each path comes with its own set of liability protections and tax consequences. Making an informed choice at the outset can lead to long-term savings, minimize risks, and potentially insulate you from personal financial exposure.

Contract-Creation

Contract Creation and Enforcement

One frequent mistake that business owners make is misinterpreting contracts. This can cause unfavorable disputes or terms. Contracts help govern a range of business relationships, like:

  • Supplier Contracts
  • Employment Contracts
  • Independent Contractor Agreements
  • Client Agreements
  • Partner Agreements
  • Investor and Stakeholder Contracts
  • Consultant Agreements

Each contract your business enters into is shaped by the unique dynamics between you and the other party involved. For instance, agreements with customers specify deliverables and payment terms, while contracts with consultants or contractors detail the services to be provided and the schedule for compensation. An experienced corporate law attorney can tailor these documents to maximize your company's legal safeguards and minimize potential risks.

Intellectual-Property

Help Protecting Your Intellectual Property

Safeguarding your company's intellectual property, like trademarks, copyrights, and patents, requires specialized legal expertise. A corporate business lawyer not only helps secure these rights but also guides you through registration, enforces protections, and drafts strong licensing agreements to leverage your assets.

Spot-Manage-Risk

Spot and Manage Risk

The world of business is full of potential risks, from financial pitfalls to unexpected legal challenges. Effectively navigating these uncertainties is crucial for preserving your assets, maintaining stability, and ensuring long-term success. By working with a corporate law attorney, you gain a trusted advisor who can pinpoint legal vulnerabilities, recommend compliance best practices, and devise proactive strategies to minimize disputes and safeguard your investments.

Why Do Great Business Leaders Use Corporate Law Attorneys in Port Royal, SC.?

At Cobb Hammett, we advise businesses on their legal rights, responsibilities, and obligations. We focus on a variety of challenges and legal issues across industries and represent businesses of all sizes. Our representation extends beyond technical legal advice; we also serve as trusted advisors and counselors, discussing the commercial and practical implications of business decisions.

In fact, business leaders trust our firm to handle many facets of corporate law, including:

Partner Disputes in South Carolina

A partnership forms when individuals unite to launch a shared business enterprise, pooling their resources and ambitions toward a common goal. Like any close collaboration, partnerships are not immune to conflict. Disagreements over money, hiring decisions, responsibilities, or other core business matters can surface. If unresolved, such disputes may erode profits or even threaten the future of the partnership itself.

Here are just a few reasons why business partners enter into disputes:

  • Breach of Contract
  • Interference with a Contract
  • Failure to Delineate Authority
  • Unfair Workload Distribution
  • Resource Use Disputes
  • Real Estate Disputes
  • Fraudulent Activity
  • Asset Division During Dissolution
  • More
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Resolutions to Partnership Disputes

A well-crafted partnership agreement that clearly outlines how disputes will be handled is essential for long-term success. If you require support in drafting this type of agreement or need help navigating a current conflict, our team is prepared to guide you.

At Cobb Hammett, we recognize that partnerships often intertwine business and personal dynamics, making disagreements particularly challenging. Our lawyers offer objective legal insight, working to facilitate resolutions between partners or, when necessary, assisting with a fair and orderly dissolution.

Serving as mediators, we aim to settle partnership conflicts amicably, avoiding litigation or court involvement whenever possible and helping to restore productive working relationships. However, if mediation does not lead to a solution, we are equipped to advocate for our client's interests through the litigation process.

Resolutions-Partnership

Complex Business Formation in South Carolina

Launching a new business or growing an established one comes with excitement and opportunity. Yet, beneath the surface, careful attention must be given to planning, particularly when it comes to choosing the right legal framework for your company. At Cobb Hammett, our business formation attorneys understand that emerging and growing enterprises benefit from experienced legal guidance. We leverage our business insights to help clients identify and implement the optimal structure for their specific goals.

A successful business starts with a structure designed to foster growth and financial stability, while also shielding owners from unnecessary risk if challenges arise. This is why working with a South Carolina business formation lawyer is so valuable—they offer strategic legal insight to safeguard your assets, reduce tax exposure, and position your business for long-term success.

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Business Formation Options Explained

Gaining a clear grasp of different business entity options is essential for choosing the right path. Every business structure brings its own set of features, benefits, and drawbacks. Our team specializes in crafting customized entity solutions to align with your distinct objectives.

Sole Proprietorships

A sole proprietorship stands out for its simplicity and low startup costs — just one person owns and manages the business, with no legal separation between personal and business assets. This ease of formation makes it a popular choice for small, lowrisk ventures. However, the owner assumes full personal responsibility for any business debts or liabilities, exposing personal assets to risk as the business expands or faces challenges.

Limited Liability Partnerships

A Limited Liability Partnership (LLP) lets professionals work together while protecting each partner from personal liability for others' mistakes. Partners share profits, and state laws vary, so expert legal advice is important.

Limited Liability Companies

The Limited Liability Company (LLC) stands out for combining strong personal asset protection with adaptable business operations. Members aren't usually personally responsible for company debts or legal claims, and LLCs offer a choice of tax treatments so owners can pick the setup that best fits their needs.

This flexibility and the simpler administrative requirements needed versus those at corporations make LLCs attractive to many small and medium-sized businesses. When it's time to draft an operating agreement, you should always consider working with a corporate law attorney in Port Royal, SC., who can outline ownership structure, management responsibilities, and financial arrangements among members.

C Corporations

A C Corporation (C Corp) operates as an independent legal entity, distinct from its shareholders. With robust liability protection, this structure is especially attractive to businesses aiming for venture capital investment or a future public offering.

C Corps can attract significant investment by issuing stock to an unlimited number of shareholders, making them well-suited for large or publicly traded businesses. The tradeoff is double taxation: profits are taxed at the corporate level, and dividends are taxed again for individual shareholders.

Complying with a C Corp's intricate legal requirements calls for professional legal guidance. From holding board meetings and keeping detailed records to properly issuing stock, a South Carolina business attorney can help ensure all corporate formalities are met.

S Corporations

An S Corporation (S Corp) lets qualifying businesses pass profits and losses straight to owners' personal tax returns, avoiding corporate tax. This bypasses double taxation seen in C Corps, but S Corps face tight rules: no more than 100 U.S. shareholders and only one class of stock allowed. A business attorney can confirm your eligibility and handle IRS filings so your S Corp stays compliant.

Not for Profit Corporations

A not-for-profit corporation applying for 501(c)(3) status exists to serve charitable, educational, religious, or scientific causes, not to generate profit. Any extra funds are funneled back into the mission, not distributed to owners. Achieving 501(c)(3) recognition brings tax-exempt status and lets supporters claim tax-deductible donations. Setting up and maintaining a nonprofit involves complex legal steps, making experienced legal help invaluable.

The above is just a brief snapshot of how Cobb Hammett attorneys help form business entities. Some additional entities we help form include:

  • Joint Ventures
  • Professional Corporations (PCs)
  • Family Limited Partnerships (FLPs)
  • Limited Partnerships
  • Business Succession Plans

Top 5 Ways Corporate Law Attorneys in Port Royal, SC. Assist Business Owners After Registration

It's a common misconception that legal worries end after forming a company. In reality, this is when having a business lawyer's proactive advice becomes most crucial. A business attorney serves as a trusted advisor, steering you through South Carolina's legal maze and shielding your company from costly disputes, liabilities, and operational setbacks.

Here are just a few ways that Cobb Hammett can help you thrive after forming your business entity:

Corporate Compliance and Governance

Once your business is registered, it has to adhere to South Carolina requirements and rules. Your corporate law attorney will help:

  • Draft Operating Agreements and BylawsThese documents are foundational and define the roles of shareholders, officers, and directors.
  • Maintain RecordsHold meetings and notate minutes to circumvent legal concerns that may pierce your corporate veil.
  • State ReportingYour business lawyer will help ensure you meet filing requirements with agencies like the South Carolina Secretary of State.
Corporate-Compliance

Reviewing and Drafting Contracts

Having well-drafted contracts means you have a solid bedrock of success. Your Cobb Hammett corporate law lawyer in Port Royal, SC. will create and review documents such as:

  • Customer and Client ContractsWe'll define payment schedules, liability limits, and scope of work.
  • Supplier and Vendor AgreementsTerms should be favorable, and your obligations should be clear.
  • Draft NDAsNon-disclosure agreements protect your company's competitive advantage and intellectual property.
Reviewing-Drafting

Overseeing Dispute Resolutions and Business Litigation

In business, disputes are an unfortunate but common occurrence. From disagreements with vendors, competitors, or clients, your corporate law attorney acts as an unflinching advocate on your behalf by:

  • Negotiating Business SettlementsYour lawyer will work to resolve issues effectively and out of court, whenever possible.
  • Mediation and ArbitrationSometimes, using alternative resolution methods is a better way to come to a solution without going to trial.
  • Litigation RepresentationIf a settlement can't be reached, your business lawyer will represent you in a court of law.
Overseeing-Dispute

Creating Partnership and Shareholder Agreements

When a business has more than one owner, a clear agreement is essential to head off disagreements down the road. An attorney can craft a document that covers:

  • Buy-Sell AgreementsDraft a fair outline of what happens when one owner wants to leave the business or can't work for the business.
  • Voting Rights & OwnershipYour lawyer will clearly define every owner's stake and the limits of their decision-making power.
  • Distribution of ProfitsThis document outlines how and when losses and profits are allocated to owners.
Creating-Partnership

Guidance on Mergers and Acquisitions

As your business expands, opportunities to acquire other companies or merge with partners may arise. Because these deals involve intricate legal details, having an attorney's guidance is crucial to prevent expensive errors. A Cobb Hammett corporate law attorney in Port Royal, SC. can help with:

  • Deal StructureYour lawyer will advise you on the most effective and beneficial tax and legal structure for business transactions.
  • Due DiligenceWe'll investigate target companies to reveal hidden risks and liabilities.
  • Draft Negotiating AgreementsWe'll compose and review any final purchase or merger agreements necessary.
Guidance-Mergers

Don't see the corporate law service you need? At Cobb Hammett, we help businesses of all sizes with a wide range of other corporate law needs, including:

  • Stock Offerings
  • Securities
  • Project Finance
  • Local Counsel Opinions
  • Shareholder Agreements & Disputes
  • Operating Agreements
  • Choice of Entity
  • Debt Review & Banking Needs
  • Commercial Real Estate Lease Drafting, Review, & Negotiation for Landlords or Tenants
  • Real Estate Disputes
  • Succession Planning
  • More

Cobb Hammett: The Trusted Choice for Corporate Law Attorneys in Port Royal, SC.

Business and corporate deals drive South Carolina's economy, with countless transactions taking place every day. Because corporate structure is so critical, many companies turn to seasoned South Carolina corporate attorneys for guidance and support. At Cobb Hammett, we partner with businesses to reduce risk and boost profitability. No matter your company's size or structure, our experience equips us to advise you on a wide range of legal and business matters.

We understand the importance of proper execution and air-tight contracts, and we work to ensure that these issues are addressed with your specific goals in mind. If you need to navigate complex corporate matters, we're here to help. Call our corporate law office in South Carolina today to discover the Cobb Hammett difference.

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Latest News in Port Royal, SC

Safe Harbor reveals plan for Port Royal Waterfront makeover

PORT ROYAL, S.C. (WSAV) — After decades of the deepest east-coast port sitting idle, and years of back-and-forth settlement agreements after purchase in 2017, the Town of Port Royal and Safe Harbor have officially given a glimpse into the future of a bustling town and marina industry.On Wednesday night, Safe Harbor presented renderings of a master plan that showed a future design of the Port Royal Waterfront.Port Royal Mayor Kevin Phillips said this was the first time since Safe Harbor’s purchase of the port that th...

PORT ROYAL, S.C. (WSAV) — After decades of the deepest east-coast port sitting idle, and years of back-and-forth settlement agreements after purchase in 2017, the Town of Port Royal and Safe Harbor have officially given a glimpse into the future of a bustling town and marina industry.

On Wednesday night, Safe Harbor presented renderings of a master plan that showed a future design of the Port Royal Waterfront.

Port Royal Mayor Kevin Phillips said this was the first time since Safe Harbor’s purchase of the port that they had received an official and formal plan.

“We’re just really excited to really kind of show the public what we’ve been working on and the kind of the direction we’re headed,” said Phillips. “We’re not redeveloping something. We’re building from nothing.”

Back in February, the town and Safe Harbor officially landed on a settlement agreement which included swapped property and new promised development plans.

It was a several year battle to get to the master plan presented Wednesday night.

Phillips said the town and the Dallas, Texas based marina company went back and forth to find a balance between what both wanted.

Safe Harbor hosted a public forum with residents in the town to show them different phases of what the town calls the Marina Village.

The images showed several acres of vacant waterfront property between Shell Ring Aleworks, Fishcamp on 11th Street and the current Safe Harbor facility.

The property is looking to be transformed into multiple community open spaces, a waterfront promenade and newly built roads that will interconnect a town center to parks, the water, businesses and more.

Nick Borreggine, the owner of Shell Ring Aleworks in Port Royal, said he came to the area decades ago when the port was still owned by the South Carolina Ports Authority.

“My realtor drove me through the town of Port Royal and said, you should buy a house here because the port’s getting ready to be developed. That was 25 years ago,” he said.

Borreggine said the reason for opening his brewery business in Port Royal was based off the future development that was planned for the town.

“I mean, the whole reason why I’m here, why I’m in that location,” he said.

He noted that seeing an actual plan brought him excitement as a business owner in the growing town.

Safe Harbor is also looking to build what they call a “world class marina.”

The company is currently planning to build several docks, with more planned for the future.

The plans also show a marina parking lot, which will include marina slips and public parking spaces.

Retail and restaurant spaces, and eventually housing, are also included in the plans.

The first phase according to Safe Harbor officials will start with the marina, the parking lot, roads and a central town park.

“First steps is really just going to be building that infrastructure in the marina,” Mayor Phillips said. “And so that’s what you will see first, exactly what date that it will start on. We really don’t know that at this time, but you know, it’s coming.”

The settlement agreement also included a promise by Safe Harbor to continue to meet every three months with town officials and the public to give updates on the project.

As Mayor Phillips said, there is no clear date yet on when construction will start, or a final finished timeline.

Celebrate the Holidays with these Beaufort events

By Delayna EarleyThe Island NewsThe holiday season is here, and Beaufort has no shortage of festive events available to help everyone celebrate the season, beginning this week.On Thursday, Dec. 4 and Friday, Dec. 5 at 7 p.m., history comes alive in this interactive full-stage musical about the last Christmas before the Civil War. South Carolina has just seceded from the Union, talk of war is in the air and talk of freedom is spreading among servants in the Quarters. Tickets are av...

By Delayna Earley

The Island News

The holiday season is here, and Beaufort has no shortage of festive events available to help everyone celebrate the season, beginning this week.

On Thursday, Dec. 4 and Friday, Dec. 5 at 7 p.m., history comes alive in this interactive full-stage musical about the last Christmas before the Civil War. South Carolina has just seceded from the Union, talk of war is in the air and talk of freedom is spreading among servants in the Quarters. Tickets are available for purchase.

A Night on the Town – Downtown Beaufort

On Friday, Dec. 5, from 6 to 9 p.m. in downtown Beaufort. Kick off the season with music, shopping, holiday treats, performances and Beaufort’s beloved Christmas tree lighting. Beaufort’s downtown streets come alive with cheer – perfect for making memories, strolling under the lights and supporting local shops.

Movie Night Meets Night on the Town – Henry C. Chambers Waterfront Park Pavilion

The fourth annual Christmas Double-Feature will begin at 6 p.m. and will end at 9 p.m. and will show the movies Elf and The Grinch.

14th Annual Nativity Celebration – 1201 North Street

On Dec. 5 and 6 from 10 a.m. until 4 p.m. and on Dec. 7 from 12 p.m. to 3 p.m. the First Presbyterian Church of Beaufort will be holding their 14th Annual Nativity Celebration where they will be celebrating the Christmas story with more than 150 nativities from around the world. All ages are welcome to the free event.

Gullah Taste of Christmas – Henry C. Chambers Waterfront Park

On Saturday, Dec. 6, beginning at 11 a.m., at Henry C. Chambers Waterfront Park guests will be able to taste authentic Gullah cuisine and enjoy live holiday entertainment. Included in this event will be the Gullah Rice Cookoff.

The Polar Express – Port Royal Library

On Saturday, Dec. 6 from 2 p.m. to 3:45 p.m., join Port Royal Library for a Santa meet and greet following a screening of the film.

On Saturday, Dec. 6, from 3 p.m. to 6 p.m., Santa will be available for complimentary photos at Shellring Ale Works in Port Royal.

Light Up the Night Boat Parade – Henry C. Chambers Waterfront Park

On Saturday, Dec. 6, at 5:30 p.m. at Henry C. Chambers Waterfront Park in downtown Beaufort. Gather along the waterfront as brilliantly decorated boats glide across the Beaufort River in a dazzling procession of lights. Bring your chairs, your cocoa and your holiday spirit – this is a Beaufort favorite for a reason!

Hosted by Sprenger Health Care Port Royal and running from 9:30 a.m. to 11 a.m. on Dec. 6, all are invited to the annual Breakfast with Santa where kids enjoy a magical morning filled with delicious food, fun games and photos with Santa himself.

Beginning at 1 p.m., Sunday, Dec. 7, the market will feature local vendors, food trucks, a visit and photo ops with Santa and Mrs. Claus and live holiday spirit on Bladen Street.

Christmas Parade – Downtown Beaufort

On Saturday, Dec. 7, at 3 p.m. in downtown Beaufort a festive lineup of floats, performers, community groups and of course Santa Claus, himself will make their way along the City of Beaufort’s traditional parade route with one small detour due to the construction at the intersection of Bay and Charles Streets. It’s one of Beaufort’s longest standing traditions and a joyful way to wrap up the weekend.

Mistletoe Market – The Beaufort Inn’s Tabby Place

Running from Thursday, Dec. 11 through Saturday, Dec. 13 from 4 to 8 p.m. each day, come sip, shop and support the local businesses that make Beaufort home. Shop local and support the local businesses that are feeling the impact of the ongoing construction downtown that is causing a shift in visitor patterns.

Jingle All the Way 5K – Coleman Hall (Building 2) of Technical College of the Lowcountry

Saturday, Dec. 13, beginning at 9 a.m. and hosted by the TCL PTA Club. The 5K run is open to all ages and all proceeds benefit TCL’s Physical Therapist Assistant program. There is a $30 donation per racer and deadline to register is Dec. 9 at www.tcl.edu/jingle.

Jingle Jammie Jam Dance Party – Revolution Ballroom

On Saturday, Dec. 13, beginning at 7 p.m. get cozy for some dance lessons, hot chocolate and cozy holiday PJ’s. Open to the public (18+), singles and couples are welcome. Admission is $20 at the door or online.

On Dec. 13, carts must be lined up at Helena Square by 5:45 p.m. and will head to Shellring after for the official After Party and Awards.

Free event from 1 p.m. to 4 p.m. on Sunday, Dec. 14 in the Port Royal Pavillion. Free photos with Santa and Mrs. Claus, refreshments and treats, facepainting and bounce houses.

On Dec. 20 at 4 p.m. join Santa at Mongolia Cafe for tea, house made soup and a chef curated savory and sweets tower. Reservations required. Call 843-816-8535 for more information.

Running through Dec. 27, the Cadd Family will be lighting up their area of Lady’s Island with their annual Christmas lights display. The display will run from 5:30 p.m. to 8:30 p.m. from Sunday to Thursday and on Friday and Saturday from 5:30 p.m. to 10 p.m. except when it rains.

New Year’s Eve Fireworks – Henry C. Chambers Waterfront Park

On Dec. 31, at 9 p.m., bring in the New Year in downtown Beaufort at the Waterfront Park while watching fireworks along the Beaufort River.

Delayna Earley, who joined The Island News in 2022, formerly worked as a photojournalist for The Island Packet/The Beaufort Gazette, as well as newspapers in Indiana and Virginia. She can be reached at .

Safe Harbor plan for Port Royal property blends working marina with public benefits

A new master plan for some of the last remaining undeveloped waterfront in Port Royal puts a premium on public access to the water and sets aside land for new restaurants and retail while also including a working marina.The plan by developer Safe Harbor Marinas, which has officially been submitted to the town, was unveiled to the public for the first time Wednesday before a packed house of residents. No residents commented, but the plan received favorable remarks from town council members.Besides the marina, two parks, a promen...

A new master plan for some of the last remaining undeveloped waterfront in Port Royal puts a premium on public access to the water and sets aside land for new restaurants and retail while also including a working marina.

The plan by developer Safe Harbor Marinas, which has officially been submitted to the town, was unveiled to the public for the first time Wednesday before a packed house of residents. No residents commented, but the plan received favorable remarks from town council members.

Besides the marina, two parks, a promenade fronting Battery Creek and restaurants and retail are part of the plan. One element that is absent, for now, is a residential housing development, which has long been envisioned for the area.

Port Royal considers the land overlooking Battery Creek its front porch and wants to see development that allows people to live and play there. Port Royal’s deep water port was attractive to Safe Harbor for marina services including boat storage and repair. The site is one of hundreds in its vast network of locations in the United States.

The master plan satisfies Safe Harbor’s desire for a working boatyard and marina and the town’s long-time quest for improved access, public space and restaurants and retail on Battery Creek, said Mayor Kevin Phillips. He described the plans as “beautiful.”

Competing visions

The competing visions of the small town and big marina operator clashed almost immediately after Safe Harbor purchased the 317-acre former South Carolina Ports Authority Property from Grey Ghost Properties in November 2021 for $20 million. About 50 acres of the site are buildable.

But past differences seemed to be in the past Wednesday when Phillips called Safe Harbor a “great partner” and Carla Ferguson, Safe Harbor’s Port Royal general manger, described the development pictured in the master plan a “generational” investment in modernizing and revitalizing the waterfront.

It was the first time since 2017, when developer Grey Ghost still controlled the property, that a real plan has been submitted to the town for approval, Phillips said. Others have just been concepts, he said.

Dan Keefer, a landscape architect with Witmer Jones Keefer, Ltd, a land planner hired by Safe Harbor Marinas, presented the master plan for the site.

The marina, he said, is permitted and “ready to go.” “Getting it permitted is probably harder than building it,” Keefer said.

Initial plans for Safe Harbor

Besides construction of the marina, here are highlights of the initial plans that Safe Harbor has for the property:

Phillips says residents will be able to walk or drive their golf carts to the water’s edge to enjoy the promenade or restaurants. The original plans did not have as much retail and restaurant space as the town wanted, but that has changed in the master plan submitted to the town, Phillips said. The town also wanted public space that could serve as a “centerpiece” for events such as concerts and festivals and the park satisfies that need, he said.

The park and the roads will be publicly owned, and the town expects to assist paying for them with a tax-increment financing district.

One piece that is still missing is residential housing.

Safe Harbor plans to sell that portion of the property to a residential developer, Phillips said. So who will buy it and what plans they will present remain unclear at this point.

Town, Safe Harbor were at odds over new project

The town and Safe Harbor were at odds for a few years over the differing visions for the area.

Negotiations culminated in a settlement agreement in February. Then in June, Town Council members approved key amendments to development and planned unit development agreements.

The agreement required Safe Harbor to submit a master plan for the property in six months, which the plan presented to the Town Council Wednesday satisfied, said Lawrence Flynn, an attorney for the town.

Flynn said the settlement agreement “reset” the conversation between the town and Safe Harbor “and recognized both needed each other.” The agreement gives Safe Harbor development rights for up to five years. The first phase of work runs from 2025 to 2028. The second phase will primarily be the housing and will run from 2028 to 2030.

Safe Harbor will build its own marina-related facilities and also be responsible for building the infrastructure. The areas set aside for retail and commercial development will require private investment.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.

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